Natixis Advisors L.P. reduced its position in Fluor Co. (NYSE:FLR – Get Rating) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,977 shares of the construction company’s stock after selling 2,187 shares during the period. Natixis Advisors L.P. owned 0.15% of Fluor worth $7,174,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in FLR. Ronald Blue Trust Inc. lifted its position in shares of Fluor by 1,186.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,055 shares of the construction company’s stock worth $26,000 after buying an additional 973 shares in the last quarter. Allworth Financial LP lifted its position in shares of Fluor by 70.9% in the third quarter. Allworth Financial LP now owns 1,080 shares of the construction company’s stock worth $27,000 after buying an additional 448 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in shares of Fluor by 665.0% in the second quarter. Atlas Capital Advisors LLC now owns 1,836 shares of the construction company’s stock worth $45,000 after buying an additional 1,596 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Fluor in the third quarter worth about $73,000. Finally, Wipfli Financial Advisors LLC bought a new stake in Fluor during the third quarter worth approximately $77,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider James R. Breuer sold 4,000 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $37.81, for a total value of $151,240.00. Following the transaction, the insider now owns 41,742 shares of the company’s stock, valued at $1,578,265.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.
Analyst Ratings Changes
Fluor Trading Up 1.0 %
FLR opened at $30.44 on Friday. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 0.69 and a beta of 2.27. The stock’s 50 day moving average price is $33.11 and its 200-day moving average price is $32.75. Fluor Co. has a one year low of $21.67 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57.
Fluor (NYSE:FLR – Get Rating) last released its earnings results on Tuesday, February 21st. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.04 billion. Fluor had a net margin of 1.06% and a return on equity of 8.49%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. On average, equities analysts forecast that Fluor Co. will post 1.73 EPS for the current year.
About Fluor
Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.
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